TSX dips on energy, banks

TSX dips on energy, banks

TSX dips on energy, banks The Toronto Stock Exchange was given a knock by Japan and the US Monday as both produced data that did not impress the markets. With oil also in decline again energy and bank stocks were lower.

South of the border manufacturing data disappointed with the weakest figures since the recession but the market was given a boost as homebuilding showed its strongest sentiment for a decade.

In Asia, Japan’s GDP figures for the second quarter showed a contraction of 1.6 per cent, although it was expected to be worse. China’s currency stabilised.

In Europe markets closed lower as investors kept a close eye out for developments in Greece and the weak oil price.
 
The S&P/TSX Composite Index closed down 26.35 (0.18 per cent)
The Dow Jones closed up 67.58 (0.39 per cent)
Oil is trending lower (Brent $48.64, WTI $41.85 at 4.30pm)
Gold is trending higher (1117.0 at 4.30pm)
The loonie is valued at U$0.7638